iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Sets New 52-Week Low – Time to Sell?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $86.92 and last traded at $86.99, with a volume of 3115820 shares. The stock had previously closed at $87.29.

iShares 20+ Year Treasury Bond ETF Price Performance

The company’s fifty day moving average price is $90.58 and its 200 day moving average price is $93.90. The company has a market cap of $49.46 billion, a PE ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.351 dividend. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Wednesday, December 18th. This represents a $4.21 annualized dividend and a yield of 4.90%.

Hedge Funds Weigh In On iShares 20+ Year Treasury Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of TLT. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 2,810.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,622,890 shares of the exchange traded fund’s stock worth $2,994,131,000 after acquiring an additional 31,502,110 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,418,016 shares of the exchange traded fund’s stock worth $1,506,846,000 after buying an additional 814,240 shares during the last quarter. Cibc World Market Inc. boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 21.9% in the 2nd quarter. Cibc World Market Inc. now owns 8,406,190 shares of the exchange traded fund’s stock worth $771,520,000 after buying an additional 1,511,435 shares during the last quarter. LPL Financial LLC increased its holdings in iShares 20+ Year Treasury Bond ETF by 7.9% during the second quarter. LPL Financial LLC now owns 4,891,875 shares of the exchange traded fund’s stock worth $448,976,000 after buying an additional 359,489 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in iShares 20+ Year Treasury Bond ETF by 3,121.7% during the third quarter. Assetmark Inc. now owns 4,461,161 shares of the exchange traded fund’s stock worth $437,640,000 after buying an additional 4,322,688 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Company Profile

iShares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years. The Fund seeks to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of 20 or more years.